Bitcoin tops 41,000. Check current cryptocurrency prices here: MonitorBankRates.com

Synchrony Bank CD Rates

Synchrony Bank CD rates are very competitive right now, in fact the Optimizer Plus certificates of deposit are some of the best CD rates right now. 1 year CD rates at Synchrony Bank are at 1.09 percent with an APY of 1.10 percent for account balances of at least $25k. 5 year CD rates from Synchrony Bank are currently at 2.25 percent for account balances under $25k and at 2.30 percent for account balances over $25k. To get the best rate available, you can compare current online CD rates with Synchrony Bank CD rates.

You probably haven't heard of Synchrony Bank since the name is new but don't worry they have been in business for quite awhile. The new Synchrony Bank was known as GE Capital Retail Bank. Synchrony Bank is part of Synchrony Financial which was recently spun off by General Electric. Before being renamed Synchrony Financial, the division was known as GE Financial, the part of GE that got the conglomerate in financial trouble during the financial crisis. GE has filed plans for an IPO with the SEC to take Synchrony Financial public sometime this year.



Another banking product offered Synchrony Bank worth mentioning in this review is the bank's promotional 15 month CD account. The current 15 month CD rate is at 1.15 percent with an APY of 1.15 percent. If you're interested in opening a 15 month CD with Synchrony Bank you will need to use the offer code BON12.

Synchrony Bank CD Rates


Balances of $2000 to $14,999

  • 3 Month APY 0.30%

  • 6 Month APY 0.45%

  • 9 Month APY 0.55%

  • 1 Year APY 1.05%

  • 18 Month APY 0.95%

  • 2 Year APY 1.10%

  • 3 Year APY 1.25%

  • 4 Year APY 1.70%

  • 5 Year APY 2.25%


Balances of $15,000 to $24,999

  • 3 Month APY 0.35%

  • 6 Month APY 0.55%

  • 9 Month APY 0.65%

  • 1 Year APY 1.05%

  • 18 Month APY 1.00%

  • 2 Year APY 1.10%

  • 3 Year APY 1.25%

  • 4 Year APY 1.70%

  • 5 Year APY 2.25%


Balances of $25,000 to $49,999

  • 3 Month APY 0.35%

  • 6 Month APY 0.65%

  • 9 Month APY 0.70%

  • 1 Year APY 1.10%

  • 18 Month APY 1.05%

  • 2 Year APY 1.15%

  • 3 Year APY 1.30%

  • 4 Year APY 1.75%

  • 5 Year APY 2.30%


Balances of $50,000 and Higher

  • 3 Month APY 0.35%

  • 6 Month APY 0.65%

  • 9 Month APY 0.70%

  • 1 Year APY 1.10%

  • 18 Month APY 1.05%

  • 2 Year APY 1.20%

  • 3 Year APY 1.35%

  • 4 Year APY 1.75%

  • 5 Year APY 2.30%


 
 
Author: Brian McKay
June 9th, 2014